Holding(s) in Company

Galahad Gold Plc
16 May 2007



                                                                    

TR-1: NOTIFICATION OF MAJOR INTERESTS IN SHARES


(1). Identity of the issuer or the underlying issuer of existing shares to which
voting rights are attached:

GALAHAD GOLD PLC


2. Reason for the notification (please state Yes/No): (   )

An acquisition or disposal of voting rights:                               ( X )

An acquisition or disposal of financial instruments which may result 
in the acquisition of shares already issued to which voting rights are 
attached:                                                                  (   )

An event changing the breakdown of voting rights:                          (   )

Other (please specify) :                                                   (   )
APPLICATION OF DISCLOSURE TRANSPARENCY RULES

 
3. Full name of person(s) subject to the notification obligation:

RIT CAPITAL PARTNERS PLC
 

4. Full name of shareholder(s) (if different from 3.):


 

5. Date of the transaction and date on which the threshold is crossed or reached
if different):

11 MAY 2007
 

6. Date on which issuer notified:

16 MAY 2007
 

7. Threshold(s) that is/are crossed or reached:

4% OF VOTING RIGHTS
 

8. Notified details:

DISPOSAL OF 2,550,000 SHARES
 


A: Voting rights attached to shares

 
Class/type of shares            Situation previous to  
if possible using the           the Triggering         
ISIN CODE                       transaction        
                       Number of shares       Number of voting Rights 

ORDINARY
GB0030017320            31,283,334              31,283,334

 

                     Resulting situation after the triggering transaction 
 
Class/type of shares Number of shares  Number of voting rights    % of voting rights  
if possible using                                                                 
the ISIN CODE                                                                         
                     Direct            Direct       Indirect    Direct   Indirect  

ORDINARY
GB0030017320         28,733,334        28,733,334   NIL         3.73      NIL 
 

B: Financial Instruments

Resulting situation after the triggering transaction 

Type of     Expiration Date  Exercise/Conversion Number of voting     % of voting     
financial                    Period/ Date        rights that may be   rights          
instrument                                       acquired if the                      
                                                 instrument is                        
                                                 exercised/                           
                                                 converted.                           

 

Total (A+B)
Number of voting rights       % of voting rights 


28,733,334                    3.73

9. Chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held, if applicable:


ALL VOTING RIGHTS THE SUBJECT OF THIS NOTIFICATION ARE THOSE OF RIT CAPITAL
PARTNERS PLC, THE BENEFICIAL HOLDER OF THE SHARES TO WHICH THEY RELATE 


Proxy Voting:

 
10. Name of the proxy holder:


 

11. Number of voting rights proxy holder will cease to hold:


 

12. Date on which proxy holder will cease to hold voting rights:


 

13. Additional information:


 

14. Contact name:

CHRISTOPHER WISE
 

15. Contact telephone number:

020 7514 1944


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